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607 W Erwin Avenue

Mckinney, TX 75069
  • $405,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 20560162
$405,000
  • 4
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Ashton Kuehne of The Joyce Realty Group: 214-773-9412.

Description

Introducing an exceptional investment opportunity at 607 W Erwin Avenue and 1212 College Street, nestled in the heart of McKinney, Texas. This unique offering encompasses two leased units on a single lot, presenting a rare chance to acquire two properties for the price of one. Currently generating a NOI of 6% with both rents currently below market value, this is a lucrative asset for any investor seeking to expand their portfolio in the thriving McKinney area. In 2020, both units received new roofs and new paint.1212 College Street: This unit is currently under lease for $1,200 a month until February 28, 2025. It boasts a comfortable living space that accommodates tenants with ease and convenience.607 W Erwin Avenue: Extensively updated in 2020, this unit shines with a brand-new kitchen, a new bathroom, a fresh coat of paint, new windows, and updated flooring throughout. Currently leased for $1,550 a month until December 31, 2024, it offers a modern and inviting living environment.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Ford Realtors. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Team Ford Realtors are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-20T15:27:59.983.
www.teamforddfw.com/homes/148996227
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607 W Erwin Avenue Mckinney, TX 75069

  • Price: $405,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 20560162
4
Beds
2
Baths
0
½ Baths
0.12
Acres
1960
Built
Neighborhood:
Whites Add
County:
Collin
Area:
Mckinney
Elementary School:
Lizzie Nell Cundiff Mcclure
High School:
Mckinney
School District:
McKinney ISD
Property Description
Introducing an exceptional investment opportunity at 607 W Erwin Avenue and 1212 College Street, nestled in the heart of McKinney, Texas. This unique offering encompasses two leased units on a single lot, presenting a rare chance to acquire two properties for the price of one. Currently generating a NOI of 6% with both rents currently below market value, this is a lucrative asset for any investor seeking to expand their portfolio in the thriving McKinney area. In 2020, both units received new roofs and new paint.1212 College Street: This unit is currently under lease for $1,200 a month until February 28, 2025. It boasts a comfortable living space that accommodates tenants with ease and convenience.607 W Erwin Avenue: Extensively updated in 2020, this unit shines with a brand-new kitchen, a new bathroom, a fresh coat of paint, new windows, and updated flooring throughout. Currently leased for $1,550 a month until December 31, 2024, it offers a modern and inviting living environment.
Exterior Features

Construction BlockConcrete Foundation Slab Parking Or Garage Additional Parking Parking Spaces 2 Pool On Property No Roof Shingle

Interior Features

Appliances Refrigerator Cooling Central AirElectric Flooring CarpetVinyl Handicap YN No Heating CentralElectric Interior Features Built-in Features

Property Features

Building Area Source Public Records Building Area Total 1902.00 Complex Name n/a Construction Status Preowned Gross Annual Expenses 4200.00 Gross Annual Income 33000.00 HOA None Insurance Expense 3400 Levels One List MLSProvider Metrotex Association Of Realtors Municipal Utility District No Net Operation Income 25400 Possession Closing/Funding Property Type Multiple Single Units Senior Community No Unexempt Taxes 4322 Utilities City SewerCity WaterElectricity Connected Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Ford Realtors. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Team Ford Realtors are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-20T15:27:59.983.
 
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Team Ford Realtors
700 Central Exp, Suite 400
Allen TX, 75013
Offered by Ashton Kuehne of The Joyce Realty Group: 214-773-9412.